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RESTRUCTURING STATUS REPORT

On January 15, 2015, Caesars Entertainment Operating Company (“CEOC”), a subsidiary of Caesars Entertainment that owns and operates many of the properties in the Caesars Entertainment network, voluntarily filed for reorganization under Chapter 11 of the United States Bankruptcy Code. CEOC took this action with the support of certain of its bondholders to implement its previously announced restructuring plan.

On October 8, 2015, the Company announced that it filed an Amended Plan of Reorganization, a related Disclosure Statement and a motion to further extend its exclusive right to file a plan of reorganization through March 15, 2016. The filings were made with the United States Bankruptcy Court for the Northern District of Illinois.

The Company has obtained the support of holders of approximately $12 billion, or two-thirds, of its capital structure, enabling CEOC to focus on its ongoing efforts to seek consensus with its junior creditors.

CEOC’s operations have continued uninterrupted throughout the financial restructuring process. All Caesars Entertainment properties, including those owned by CEOC, continue to remain open for business and operate in the ordinary course.

All properties continue to host meetings and events and provide the facilities, amenities and experiences that guests enjoy. Guests remain CEOC’s top priority and will continue to enjoy the same rich experiences and quality service they know and expect from the Company.

Note: The tables above refer solely to properties that are owned and/or managed by a Caesars Entertainment unit. A list of all the legal entities included in CEOC’s Chapter 11 filing can be found in the First Day pleadings.

1. Properties owned by other Caesars Entertainment affiliated entities
2. Properties managed by CEOC but owned by a partner
3. The province of Ontario owns the complex through the Ontario Lottery and Gaming Corporation

If you have further questions, please contact your usual company representative or: